KYC practices may vary by country based on unique identification sources and the maturity of digital infrastructure to automate operationally heavy processes.
There has been an increasing number of scams in the ecosystem, resulting in loss of money and reputation for exchanges and the cryptocurrency ecosystem.
Today’s product launches in Australia, France, and Germany are the latest advancements in Prove’s global-forward strategy.
There is always a chance of a fraudster lurking in the background, trying to grab the right opportunity to take over your digital accounts.
Identity verification tools can safeguard both the establishment and the customers from identity fraud that results in heavy losses.
Mobile wallets do win in simplicity and convenience. But the question consumers often ask is, “How safe are mobile wallets?”
Modern identity authentication methods such as Mobile Auth connect to mobile networks and leverage mobile data intelligence to ensure that the device used to access the service is indeed linked to the phone number being used for the service.
Exponential growth in digital transactions globally and increasing sophistication in fraud have highlighted the need for an algorithmic model that taps into multiple data sources and attributes in order to assess the trustworthiness of a transaction.
In the digital-first world, startups from multiple industries such as e-commerce, financial, healthcare, and insurance are getting impacted due to customer impatience with application experiences.
Identity verification and authentication leader recognized for dramatic 670% revenue growth and innovative solutions
The typical solution approach to addressing these problems is highly fragmented in an enterprise. However, with a single platform that satisfies many use cases, you could rationalize and streamline the enterprise solution landscape.
Prove, the newest member of the Good Health Pass Collaborative, will provide the group with expertise on preventing fraud by reliably authenticating users with just their phone numbers.
Leading digital identity technology company Prove recognized for most promising future and best work environment for its employees
The UK Digital Identity and Attributes Trust Framework details the principles, policies, and standards that must be followed by organizations providing or using digital identity services.
SIM Swap, also known as SIM Splitting or SIM jacking is a fraudulent activity, where a fraudster takes complete control of users’ phone accounts by either porting or cloning their SIM without their knowledge.
Passwordless Login utilizes multi-factor authentication factors to verify a user’s identity without a password.
Prove has architected a trust and identity platform to help the nation stay several steps ahead of attackers that exploit vulnerabilities in telecommunication systems.
Prove announced today the acquisition of MEDICI Global, the leading insights and advisory platform for the global FinTech industry.
As cybercriminals grow more sophisticated, bolstering the Two-Factor Verification process is critical for both businesses and their consumers.
The massive growth of mobile phones has also turned Mobile Network Operators (MNOs) into key drivers of growth and financial inclusion.
Multi-Factor Authentication (MFA) is a key requirement in ensuring a safe and secure transaction in the digital world.
From banking to e-commerce, industries have adopted digital identity verification in an attempt to make services more transparent, secure, and agile. The healthcare sector is not far behind.
As more companies embrace digital, flawless customer service has become a prerequisite for businesses to differentiate themselves in a highly competitive environment.
Because of the diversity and volume of digital data associated directly and indirectly with phone numbers, more and more companies are adopting them as superior identifiers to traditional identity verification sources
The focus of the Princeton study, Senator Wyden’s letter, and really most of what has been written on the internet about SIM swap fraud has been the role that mobile carriers play in attackers carrying out fraud.
The technology has already been adopted by one of the world’s largest banks based within the UK as a way to meet government regulations whilst also enhancing the customer experience.
The longer your customers have to wait in your call center, the worse their customer experience is going to be.
TechCrunch reporter Ingrid Lunden covered the news of our $100 million funding round led by Apax Digital in an exclusive
81% of people recently abandoned at least one online form and most won’t return to complete it. The top two reasons?
Digital onboarding abandonment is one of the biggest hurdles faced by banks in registering new customers through online channels.
The COVID-19 pandemic has accelerated the need to implement much-needed improvements in mobile channels.
Interested in learning more about how your company can improve your customer experiences and secure onboarding by pre-filling identity? Download our detailed white paper, Leveraging Modern Identity - Drive Revenue, Not Abandonment.
Identity theft continues to be the most common contributor to fraud globally, and it is rising since...
68% of companies recognize that data quality issues are an obstacle to digital transformation (source: Experian), while companies with “high-quality data management” generated 66% more revenue than companies with insufficient data quality strategies (source: SiriusDecisions). For businesses, the negative impacts of poor data quality include productivity loss, operational expense, reputational damage, and missed marketing, sales or relationship-deepening opportunities. For customers, poor data quality often makes it difficult to complete processes designed for self-service.
The Financial Services industry was already undergoing significant digital transformation before 2020. However, the Covid-19 pandemic highlighted and accelerated the need to implement much-needed improvements in customer experience, support the digital-first customer, improve identity and authentication processes, and create new ways to serve customers better. As we head into 2021, these themes will continue to dominate the financial services landscape.
As the end of 2020 draws near, banks and payment service providers in the European Union face yet another PSD2 deadline. Full enforcement of the much-debated Strong Customer Authentication (SCA) across the region will begin from January 1, 2021*. This implementation comes under extraordinary circumstances caused by the pandemic. Much of Europe has moved into another phase of lockdowns, causing a shift in shopping behavior from brick-and-mortar to digital. The change in purchasing habits has also brought in several first-time online shoppers.
Black Friday is right around the corner and while bargain hunters are preparing to find the best deals, fraudsters are making plans to prey on unsuspecting consumers. If your company uses multi-factor authentication (MFA) such as one-time SMS passwords (OTPs) to safeguard customer accounts, you might think you’re covered. But our recently published analysis of over 385,000 retroactive SMS & Voice OTP transactions, conducted using our Trust Score™ technology, unearthed 4 concerning multi-factor authentication vulnerabilities:
NEW YORK, November 19, 2020 – Prove, the modern platform for phone identity, today announced it has been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, for the fourth year in a row.
New York, NY (November 18, 2020) – Prove, the modern platform for phone identity, today announced the release of a new analysis highlighting critical consumer multi-factor authentication (MFA) vulnerabilities.
“Trust gap” is a term that has been trending since the start of the COVID pandemic – have you heard of it? It refers to the discrepancy between the percentage of customers that companies can trust and greenlight immediately in-person vs. how many they can trust online. With more and more consumers interacting online than ever before, and more fraudsters taking advantage of that surge, the trust gap is forcing companies to put more security hurdles in place, hindering the customer experience.
Digital onboarding platform Instnt announced today that it has selected Prove as its identity authentication partner based on the company's modern way of authenticating identity based on the phone number.
Increase in Digital Transactions Drives Surge in Demand for Prove’s Modern Identity Authentication Technology
Heading to Aite Group's Financial Crime Forum on 9/16-9/17? Stop by our virtual booth to learn how financial institutions can use phone intelligence to mitigate fraud such as new account fraud while also enhancing the customer experience. This year's event is free for financial institutions!
The acquisition will enable more than 1,000 financial institutions to access a broad range of consumer identity and authentication solutions directly from Prove